Dollar to Naira Black Market Exchange Rate Today, Monday, November 24th 2025

The Nigerian Naira began the new trading week with steady performance against the United States dollar in the informal foreign exchange segment.

As of Monday, November 24th 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,450 per dollar for buying and ₦1,460 per dollar for selling, according to pricing reports from active Bureau De Change (BDC) dealers across Lagos, Abuja, Ibadan, and Kano.

The market continues to reflect balanced supply and demand dynamics despite rising preparations among businesses ahead of Christmas and New Year purchases. Currency traders say there is no sign of panic or aggressive hoarding, signaling improved confidence in short-term Naira stability.

Dollar to Naira Black Market Rate Overview

Figures confirmed through parallel-market monitoring by Naijaonpoint.

How Much Is Dollar to Naira Today in Black Market?

Based on today’s activity, the Dollar to Naira Black Market rate remains within the ₦1,450 to ₦1,460 range for most retail FX transactions. This trading pattern has been consistent for several days, highlighting controlled demand conditions.

Dealers say the market remains calm following stable inflows from informal channels and diaspora remittances. Business owners also continue to manage their forex sourcing strategically to avoid rate hikes caused by bulk demand spikes.

For official bank exchange-rate benchmarks and FX policy announcements, users are advised to consult the Central Bank of Nigeria via CBN Official Portal.

Why Is the Naira Stable in the Black Market?

Analysts point to a combination of supportive domestic and global economic factors:

🔹 Stronger Remittance Inflows

Many Nigerians abroad are already sending funds home for seasonal spending, boosting cash liquidity.

🔹 Oil Prices Holding Firm

Crude oil trading above $85 per barrel continues to support Nigeria’s external reserve position.

🔹 Reduced Speculation

Market sentiment has shifted from fear-based hoarding to more rational currency trading behavior.

🔹 Moderate Import Demand

Businesses are still preparing for year-end, but sourcing is paced to avoid excess pressure on rates.

🔹 Continuous Oversight

Improved monitoring discourages sharp pricing manipulation by informal FX players.

These factors collectively provide breathing room for the Naira, preventing rapid depreciation.

Economic Impact of Today’s Rate

The current pricing of the Dollar to Naira Black Market brings both short-term relief and ongoing concerns for Nigeria’s economy:

Positive Implications

• Importers benefit from minor cost stability when restocking goods.

• More predictable pricing helps slow inflationary effects on households.

• SMEs operating with global supply networks can plan better.

• Travelers and students abroad face fewer unexpected forex cost increases.

Lingering Challenges

• The wide disparity between official and parallel market rates still affects investor sentiment.

• Limited non-oil foreign exchange earnings put pressure on long-term sustainability.

• Seasonal demand could test liquidity if external revenue dips.

Maintaining stability will depend largely on keeping inflows steady and inflation in check.

Outlook for the Week

Market experts predict the Naira will likely trade within the ₦1,445 – ₦1,465 per USD band this week, barring sudden shocks to supply or demand. Key drivers to monitor include:

• Retail import activity volume

• Travel-related forex withdrawals

• Global oil price direction

• CBN interventions and regulatory updates

For now, traders are cautiously optimistic that the Naira can sustain a calm trading pattern into the final weeks of November.

Conclusion

The Dollar to Naira Black Market exchange rate today, Monday, November 24th 2025, is:

• ₦1,450 for buying

• ₦1,460 for selling

For accurate daily updates and economic insights on Dollar to Naira, always stay connected to trusted sources:

Naijaonpoint

Central Bank of Nigeria

With market conditions currently balanced, all attention will be on whether this stability continues as year-end spending pressures intensify.